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rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about europe and soon to watch on our shores is you're going to pay more and get less. i look forward to the dislocation between price and value. i think there are a few opportunities in europe selectively. a company we own called securitas, which is a man-guarded service. it trades for about 50 krona. we think it's worth 72. we get about a 6% dividend yield. there's an example where you can find opportunity. >> everybody's looking for yield in an environment where we can't find any. rick, what are you seeing there today? >> you had a great point. everybody's looking for yields, so everybody needs to take more risk. that's the plan. the problem is, when you take more risk to get more reward, you have more risk. you know, take the word austerity and throw it out. use the word reform. one guest just said central bankers are doing all the heavy lifting. be
monti, and we'll look at where we stand given the issues we're talking about in the united states. >> very good, we look forward to that and over there in europe, they promised more stimwlus this bond buying program announced yesterday. and over here with disappointment, the expectation of more fed action has been heightenned. earlier on cnbc, paul ryan said central bank action made things worse, not better. >> you have a story of central banks stepping in to bail out lackluster fiscal policy. you look at the draghi press conference yesterday for one of the biggest reasons why, but there is no substitute for good fiscal policy. you can't expect central bankers to bail us out all the time. >> draghi said as much yesterday. >> our next guests think their actions stop the depression and are necessary. mark, why do you think representative ryan is right? >> let's talk about providing liquidity in 2008 and the actions sense. i think most of the problems in europe today and in america today are not problems of liquidity. there's not a lack of liquidity in our banking system or corporate
, much better than the united states. >> is this, do you think, a cue for folks to get into the market because mortgage rates potentially could go even lower? >> well, i think it's a great time to buy a house. i've been saying that for a long time now. when i say a long time, over the last year i've been telling people, go out and buy a house. this is the time to buy a house. hard to get houses finance because the banks aren't lending. try buying the house from a bank. if you buy it from a bank, they'll loan you the money to buy it because they want to bet it off their books. it's a great time to buy a house. pick a beautiful house, enjoy yourselves, and try buying it from a bank. >> good advice, donald. thank you. let me ask you about this election and bernanke. if romney win, should he keep bernanke on or lose him? >> well, i don't think he will. i'm not saying anything good or bad. i'm just saying i don't think he will. he's going to want to come in with his own team, as everybody really does. as usually you would. i think he'll probably come in with his own team. it's really a ques
've always expected people would get in the united states of america. that only comes from the private sector. that's where, i think, the romney approach, people will find to be the right one. >> this market has been rallying. of course, it seems to be working in obama's favor, even though it's probably has a lot more to do with the central bank and all of the easing out there than it does to the policies. is there any reason to believe that if this president is re-elected, then he moves to the center that, he does the policies that you're talking about that romney, of course, has been leading with? >> i think that's been my greatest disappointment, that we have not seen this government move more to a centerous approach to move the country forward. there were numerous opportunities to do that. i just don't think it aligns with where the president would like to take the country. there's one approach that says static pie, let's figure out how to split it up. that's the approach that's being taken. when they say we're all in this together, we're all in this together, but we're going to take from
in the united states and around the world. there was a recent study out quickly on this by the clearing house association. the first time i have seen this people because talk about the economies that takes the top 26 banks in the united states, and basically says that after a lot of study and research they did, it benefits $50 to $100 billion a year because of these efficiencies. it was natural for it all to happen. second from a public policy perspective, we have to remember that we as a country are trying to compete in a localizing world. we have the best banks in the world. they have certainly had a impact on creating large businesses. why would you want to break all of that up, it makes no sense from a public policy perspective. >> it's important that you bring up the global story. they're obviously not going to compete with the international banks and deutsch banks who will be the large institutions. but let me get your take on what's going on in terms of the masses. time and time again we hear an argument that depositors do not want their money used to take risk. you said they're not to
, in the united states, i mean, here we are with a different demographic story, we're living longer, people talking about living to 100 now. in fact, social security hasn't changed at all. so, shouldn't we be changing based on the evolution of a country, of a city? i mean, that's one of the issues. if you're going to be living longer and needing more of the benefit from the country, don't you need to change some of the promises? >> i'm all for change. change has everybody in on it. but we faced a very strong antitax, antibiotic spending, antigovernment ideology. when you're talking about a city, not the state or federal government, means the things people experience every day, cops, fire, sanitation, police, schools, that stuff turns out to be much more important to the quality of life than with e mig have thought. there's a work out here. there will be changes. changes will come. but it has to be done with decent respect for all the players. >> what do you think should be cut, then? >> what do i think should be cut? oh, i think you can find in any system -- >> where? what? give me one idea
about this today. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure or diplomates. i've directed my administration to increase our security at diplomatic posts around the world. >> the attacks of libya and egypt underscore that the world remain aes dangerous place and that american leadership is still sorely needed. in the face of this violence, america cannot shrink from the responsibility to lead. leadership is necessary to ensure that events in the region don't spin out of control. >> all this happening as israeli prime minister benjamin netanyahu is using the strongest language to date about using force to stop iran from developing a nuclear weapon. this brings up the issue of making the u.s. less dependent on foreign oil. should we get off of middle eastern oil? chris, you first. all of this make you nervous about how much we depend on that region for our energy needs? what's the answer? >> well, you know, you look at saudi arabia providing 20% of the oil imports for this country. amer
. an extraordinary releases this afternoon from the united states government. the first thing we got was this order from president barack obama ordering the company to divest from a wind project in oregon using the so-called sifieuos program. this one is the fist time in 22 years that the u.s. government has done this it or president of the united states has done this. it goes beyond what we've ever seen before, including this language ordering the facility in oregon to effectively be rai razed, saying the company must remove all structures, items, or physical object, including the concrete foundations of the property. that's the first time anyone ever affiliated with this has ever seen anything like that. the treasury department later in the day issuing a statement saying why they might be so sensitive about this facility, saying, the wind farm sites are all within the vicinity of restricted air space at naval weapons system trading facility boardman in oregon. now, this is a sensitive military facility in oregon. we looked on their website to find out exactly what they are doing out there. here's
to happen in the united states? people just want certainty, particularly at a time like this when china is in a recession. >> that is exactly what i'm talking about in my observation coming up. people are not going to add heads to the payroll if you don't know what your tax bill is going to look like. >> no way. you're kidding yourself. >> it's on congress, then. we need fiscal policy. >> we need leadership. we need a marshall plan. we need a grand plan that first starts with today's reality before you try to go to tomorrow. >> what do you think about the election? do you think the election changes this? does that bring us clarity? >> well, that's a tough one. i mean, it's not sure. because the people that running for office, are they going to actually operate, or is it just going to be what they do with a speech, right? what really counts is not the speech but what you do in between the speech. >> the truth is, we may not get the clarity because they're not dealing with the issues like the fiscal cliff until after the election. so we won't know tax rates. we won't know the regulatory e
here in the united states? we've got similar issues, don't we? we have an e more nor we? we have an e more nomous debt l and the debate on what to cut. >> there's always a question of priorities and where you focus your attention. i think the president has made a major effort to reduce the budget deficit and also to invest in the future of the country, just like a corporation in many senses that has too much debt, that it has to put its debt in line with its ability to raise revenues. it also has to invest in its future. the president, i think, is investing in education, infrastructure, many things that will make the country stronger. that's really the goal. it's to have a sound budget policy but also invest in the country's future. i think that's what the president's trying to do. >> but bob, we haven't had a budget in three years. >> well, a lot of programs that he's proposed have not gotten through the congress. that's a big challenge. he's focused on education. he has a very significant proposal on infrastructure development. these are the kind of things that are needed to make us
from the united states and asia as well. the big talk is draghi today. people are happy he did come through with what he said he would. there is a debate on whether it was exactly what we expected or better for the short term, but i really think that is the key. over the short term, people have very, very happy for the ability for stimulus and solve rans and to be able to be accessing this window from the european central bang. longer term is a bigger question. at this point, the next question to ask is who will utilize this program. there is a stigma attached. for example, one leader that i was talking to tonight said to me if spain says we're going to utilize this, it's an admission. italy, again, a stigma astaffed in terms of utilizing that program. people do not expect the italian government to access this right away. they don't think italy is in the same position at spain. spain needs it more, but that stigma is holding back expectations. so the question now is which country will use it, which will use it right away, and if in fact they will, will that be a negative at some poi
to boycott all the unilateral actions of people from another part of the world? the united states is not very popular in the middle east right now. i don't know if you doe know that. it's not popular at all. everything that's been talked about, everything that's been done has not moved us forward. if anything, it's moved us backward because there is just not a sense of well-being in the relationship. oil being part of it but other issues also enter into it. >> and what's your take on the upcoming election, the presidential election. how does that skew things? >> you know, i don't want to get out of my depth here. i'm not a politician. i am a businessperson. but i would say this. and i'll stick to energy. there is no energy plan in the obama administration. i've been saying that for years. they talk words, rhetoric. rhetoric is not a plan. a plan has accountabilities, actions, milestones and real numbers. the romney announcement is also not a plan. it's a good strategic intent. it's inclined towards americans taking care of america. i certainly support that notion, but i'm still waiting to see
of would happen if the united states goes over the fiscal cliff. they have to engage in sequestration, or massive budget cuts. by the numbers, here's what in the proposal they put out today starting with a 9% cut to most pentagon programs. customs, the faa, and food inspection services. exempt from the cutbacks are social security, medicaid and also many veterans benefits. earlier today, white house spokesman jay carney said that the white house hopes it never has to put this plan into place. take a listen. >> sequester was designed to be bad policy,n n tn to to be one and to be objectionable to both republicans and democrats. >> now, maria, what the white house is saying also, senior officials here in a briefing earlier today they hope now that some of these painful cuts are laid out, this could help marshal support from republicans to do something about the fiscal cliff before it hits at the end of this year. obviously, there's a big election between now and then. >> oh, yeah. thank you so much. worries those budget woes and tax hikes could come to pass are among the reason busines
allowed to continue to happen, there would be conflicts around the world. do you suggest that the united states should curtail free speech? >> well, i would like to say in this way of where there is free speech, there is a human right. and i started the declaration of human rights but there is limit in exercising human right for all people, all nations. >> are you going to ask president obama to change his policy in any way on free speech? >> i don't think -- i'm not in a position to lecture any leader on this matter because one thing that i believe all leaders can take many lessons from what is happening worldwide, including the last incidents about the -- i incidents of anti-islam films. >> you have investors watching. indonesia, the 16th largest economy in the world. gdp of $850 billion. it's really been one of the bright spots in the emerging markets in this global slowdown and a new mckenzie report is predicting the economy getting to the seventh largest by 2030. what can you tell us in terms of your expectation for economic growth next year and in the coming years? >> well, i am pl
you cannot get any yield. everyone is chasing yield. you can't get it from the united states government. they'll pay you nothing. people are going say, wait a minute, now i have to pay 36% and i have risk in the marketplace. these are a lot of big issues. >> i know you meant governor romney. >> let me apologize. >> do you think we go to the election and are in standstill mode until then? once we get the clarity of who's in the white house, what's your expectation? >> i do. i don't anticipate a lot. i know people are talking about that we'll see more in the early parts of november because of the different things with the defense department and where they're going to be at as far as cuts go. we'll get an indication what's going to happen. i think we'll have to wait until the election is over and done with and we'll get clarity for the future of the markets. >> i really like the fact you're looking at this whole dividend issue. we've been talking about the fiscal cliff a lot on this program. do you really think these guys are going to allow dif vidend taxes to go to 43%? >> they
Search Results 0 to 14 of about 15